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President Trump's name will be added to printed coronavirus stimulus checks that are set to begin rolling out next month, per the Washington Post.
Why it matters: It will be the first time an IRS disbursement features a presidential signature. But the president does not hold authorization to sign disbursements by the U.S. Treasury, so Trump's name will be placed in the memo line instead.
- The actual signature will be by an official from the Bureau of the Fiscal Service — the division of the Treasury Department that prints the checks.
- The Treasury Department denies concerns that adding the signature could delay disbursements.
The big picture: Paper checks for coronavirus stimulus payments will be distributed to Americans without direct deposit accounts set up with the IRS.
- The checks won't start being mailed until the week of May 4, and they'll go out at a rate of 5 million checks per week. That means the latest checks will reach recipients by in August.